Too-connected-to-fail Institutions and Payments System?s Stability: Assessing Challenges for Financial Authorities

Borradores de Economia
Número: 
644
Publicado: 
Clasificación JEL: 
E58, E44, C63, G21, D85
Palabras clave: 
Payments systems, too-connected-to-fail, too-big-to-fail, systemic risk

Lo más reciente

Pedro Pablo Calderon-Camacho, Celina Gaitán-Maldonado, Nicolle Valentina Herrera-Pinto, Mario A. Ramos-Veloza
Franky Juliano Galeano-Ramírez, Nicolás Martínez-Cortés, Hernán Dario Perdomo-Sánchez, Marlon Salazar
Catalina Granda-Carvajal, Jesús Enrique Morales-Piñero

The most recent episode of market turmoil exposed the limitations resulting from the traditional focus on too-big-to-fail institutions within an increasingly systemic-crisis-prone financial system, and encouraged the appearance of the too-connected-to-fai